A few days ago I returned home in Montana after being up on the North Slope since Christmas. We built ice roads for oil exploration. The big plan was for four wells but due to a harsh winter, temperatures and equipment failures, the scope got cut back to three.
The roads, pads etc were nearly complete (95%) for the three wells, with first one about 3/4 done (drilling, not testing). Hundreds of Millions were spent on this. They announced yesterday that when well #1 is done, they're pulling out of the whole works. Employees on Slope will be extended, those off Slope in AK able to return after a delay and those outside of Alaska, SOL, go file unemployment.
Proportional response? Well, I suppose if you're loved ones get it or not ehh? Very prudent, if a little late, to take drastic steps that'll help curb the spread immensely, IMO. MAGA
The price of oil may be another factor in the decision.
